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Secrets of the Millionaire Mind by T Harv Eker

Study this book and try out the principles contained in it. This book is all about money. You should have a financial blueprint for yourself. Through this book, you will understand what creates success and what causes failure. Some people are simply too afraid that they don’t even try. Rich people all think in similar ways. The strategy was to copy how they think. Later on, I studied exactly how they thought. You have to have a long term strategy and you need to keep focusing on that. Sometimes, your mind can be a big obstacle to your success. Basically, this book will teach you to think rich and to get rich. To move up in life, you have to let go of the bad habits.

Your Money Blueprint. There must be both outer laws (technical skills) and inner laws (mindset). Can you be at your best even when you don’t want to be? Your character is what determines your level of success. Wealth Principle: Your income can grow only to the extent you do! With more money comes huge responsibility and not many people can handle it. Most people are unconscious. We live on 4 realms of existence: physical, mental, emotional and spiritual. Understand cause and effect. Learn to change your inner world and things will be different. When you declare something aloud, you can feel it resonating. An affirmation is something similar too. A declaration is an intention to do something in future. You can discover someone else’s money blueprint easily. Wealth Principle: Thoughts lead to feelings. Feelings lead to actions. Actions lead to results. Your blueprint is everything that is ingrained inside you. Your mind is conditioned. We are heavily influenced over what happened when we were young. Verbal programming is an influence. This is basically what people tell you. All this has a subconscious effect on you. This is very powerful indeed. If you believe that rich people are greedy, you will tend to hate money in future. Emotions win logic when the mind is unconscious. Remember that conditioning will have an effect on your thinking. Awareness, understanding, disassociation and reconditioning are important. Your parents play a huge role in your life and you probably model yourself after them. ‘Monkey see, monkey do’ behaviour is very normal indeed. For a big part of my life, I re-lived my dad’s up and down pattern of making income. Change your success blueprint and you will be saved. Saving too much for rainy days might not be a good idea too. For some, the more money they make, the angrier they become. You need to understand why you want to amass more wealth. You can’t solve all your problems even with more money. Fear is the root of all evil. Having more money is really better than more money. Your inner world has a big bearing on the outer world. Earn money through purpose, contribution and joy. Specific incidents in the past can shape your beliefs on wealth. Do not let money be a burden to you. Money can cause break-ups. If you have a mismatch of blue-prints, fights can occur. Choose understanding. How much you earn doesn’t matter. What matters is that you should reach your full financial potential. Are you programmed for saving or spending money? Your blueprint will determine your outlook on life and your future. You must have a blueprint which is like a thermostat. Learn to reset your thermostat. ‘Your income can grow only to the extent that you do.’ Study yourself. Learn to respond to situations. Genetics has a part to play, but people are largely influenced by what happens around them. Stop blaming your partner.

The reality is that most people do not reach their full potential. Most people are not successful. Research shows that 80% of individuals will never be financially free in the way they’d like to be, and 80% will never claim to be truly happy. – T Harv Eker

If you want to change the fruits, you will first have to change the roots. If you want to change the visible, you must first change the invisible. – T Harv Eker

The reason or motivation you have for making money or creating success is vital. If your motivation for acquiring money or success comes from a non-supportive root such as fear, anger, or the need to “prove” yourself, your money will never bring you happiness. – T Harv Eker

The Wealth Files – Seventeen Ways Rich People Think and Act Differently from poor and middle-class people. Your mind must be wired to financial success. Awareness is to think the way rich people think. Wealth Principle: You can choose to think in ways that will support you in your happiness and success instead of ways that don’t. You have to let go of your old ways. Learn to change yourself.

Wealth File #1: Rich people believe that they have control over their life. Rich people feel like they have control over their lives. Some people like to play the blame game. For instance, you can blame the economy etc. The next group of people will justify and say things like ‘Money’s not really important’. Love doesn’t feed anyone and doesn’t pay for infrastructure. Wealth Principle: Money is extremely important in the areas in which it works, and extremely unimportant in the areas in which it doesn’t. The more you complain, the more you will focus on the bad stuff in your life. Do not become a ‘crap’ magnet by complaining non-stop. Make sure you stay away from complainers. Remind yourself not to complain for a week. Remember to choose your words wisely.

Wealth File #2: There is no such thing as a really rich victim’. Do not yearn for attention and be at the mercy of others. Disconnect attention from love. You can either be a victim or be rich. Tell yourself you have a millionaire mind. Instead of wealth, you play for security. The middle class just want to be comfortable in life. If you are middle-class, you can’t afford the most expensive meals and you might need to think twice on your expenditure. One needs to aim big. Write down goals for your annual income etc. Poor people want to be rich but they lack commitment. Mixed reasons are the reason why you won’t get rich. If you are afraid of failure or hard work, then you definitely won’t get rich. It is important not to have mixed messages at all.

Wealth File #3: The number one reason most people don’t get what they want is that they don’t know what they want. Wanting alone is plain useless. The best way is to commit to being rich. Being rich requires a strong mindset and knowledge and expertise. You must be willing to give up something to gain wealth. The Universe will support you in your plan. Commitment is the key.

Wealth File #4: Rich people think big. Poor people think small. You must think big. Wealth Principle: You will be paid in direct proportion to the value you deliver according to the marketplace. How many lives do you affect? How do you want to live your life? Do not play it small. An entrepreneur is actually a problem solver. Play big and live up to your potential. Every one of us is talented in our own little way.

Wealth File #5: Rich people focus on opportunities, poor people focus on obstacles. Is the glass half-full or half-empty? In general, the higher the risk, the higher the reward. There is an element of luck required to become rich. To succeed, you have to do something. Focus on opportunities you can find. Remember: what you focus on expands. Try every opportunity as a learning opportunity. The trick is to get in the corridor and into the industry that you want and love. Get into the corridor! Action always beats inaction. Learn to practise optimism. Focus on gratitude.

Wealth File #6: Rich People admire other rich and successful people. Poor people resent rich and successful people. Do not be jealous of the rich. Poor people tend to resent the rich. The opinions you make only affect your happiness, not someone else’s. You don’t need to be poor to be pious. Money is power in the modern society. Trust is very important. You have to be trustworthy in the first place. Rich people can be nice and good too. They can also be very generous. Bless that person that which you want to be.

Wealth File #7: Rich people associate with positive, successful people. Poor people associate with negative or unsuccessful people. Model from other successful people. Do not reinvent the wheel. Learn how rich people play the game. Do not bother about changing negative people. Just be the best that you can be. When you meet negative people, think of how you are not looking forward to be like them. Try to get rid and distance yourself from them. It is either you affect or infect other people. Birds of a feather flock together and make sure you flock around with the right people. Make it a point to only associate yourself with positive people. Remove yourself from toxic situations. Engage yourself in sports. Hard work pays off. Winning can dull your desire at times. Rich people like hanging around other successful people too. Read biographies of rich and successful people. Join a high end club. Stop watching too much television.

Wealth File #8: Rich people are willing to promote themselves and their value. Poor people think negatively about selling and promotion. You need to focus on promoting yourself and your services. If you don’t, you will be left behind. You need to extol your virtues in order to succeed. Do not have that ‘I am special’ attitude. All rich people are excellent promoters. They are also usually leaders. It all involves some form of persuading others. You must sincerely believe in your product and in yourself. Listen to marketing classes and courses.

Wealth File #9: Rich people are bigger than their problems. Poor people are smaller than their problems. It is not easy getting rich. Poor people do not want to work hard to get rich. Most poor people will just avoid and run. Grow so that you are bigger than your problem. When you handle so many problems, you will realize that they don’t mean much to you anymore. Problems will never go away and that is the nature of life. Have a mindset of conquering problems. You should be focussed on your goal. Nothing can stop you. Tell yourself that you are ‘bigger than your problems’.

Wealth File #10: Rich people are excellent receivers, poor people are poor receivers. If you are poor at receiving, you won’t receive much. Most of us like to punish ourselves. This is how people sabotage their own success. Rich people want to prove their worth to others. Whether you are worthy or not, it all depends on yourself. It’s all about your mindset. It’s a lot to worry about. Tell yourself that you are worthy and that you deserve to hold your head up high. ‘For every giver there must be a receiver, and for every receiver there must be a giver’. When others want to give, be courteous and accept it. Even if no one else wants to take it, it has to go somewhere. Being poor is a weakness that can be avoided. If you are rich, you will be able to help even more people with your money. ‘Money will only make you more of what you already are’. Do not block yourself from receiving more money. Tell yourself that you will be an excellent receiver in future. Pamper yourself and spend on yourself once in a while.

Wealth File #11: Rich people choose to get paid based on results. Poor people choose to get paid based on time. A steady paycheck usually interferes with your ability to earn even more. Security will come at a price. Rich people get paid based on the results they produce. Rich people emphasize on getting paid for their results and not the amount of time spent. Do not trade time for money. This is because your time is limited and you won’t be able to increase your wealth much. Do not have a ceiling on your income. If you are in a personal service business, you need to find a way to leverage yourself. I encourage you to work for yourself. Most millionaires start their own business. Selling can be a profitable profession too. You can do MLM and be a part-time distributor. This is known as network marketing. It is important that you should get paid for your results. You can start a business by joining part-time first.

Wealth File #12: Rich People think ‘both’; Poor people think ‘either/or’. Both the rich and poor live in the same physical world. Rich people want both money and meaning in their work. Poor people only choose one. Ask yourself how you can have both. Be creative so that you can enjoy both. Think in terms of win-win. Pursue work and projects that you love. Money is important and it is like a lubricant. It gives you the freedom to enjoy life. You can have your cake and eat it too. Poor people only eat a small slice of the cake. Money can be used over and over again. It can create value after it passes through different hands. Money does not get depleted. You can be rich and yet be kind as kindness comes from the heart. Tell yourself that you have a millionaire mind.

Money is a lubricant. It enables you to ‘slide’ through life instead of having to ‘scrape’ by. Money brings freedom – freedom to buy what you want, and freedom to do what you want with your time. Money allows you to enjoy the finer things in life as well as giving you the opportunity to help others have the necessities in life. Most of all, having money allows you not to have to spend your energy worrying about not having money. – T Harv Eker

Wealth File #13: Rich people focus on their net worth. Poor people focus on their working income. Learn to ask others what is their net worth. Net worth is the true measure of wealth. Net worth is everything that you own but there is a need to deduct your liabilities. Working income requires effort and time to earn. Passive income is important and the poor usually do not have this. Savings are important if you want to be rich. Save and grow your money via investing. The last method is to simplify your life so that you require less spending. If you have lower standards of living, you will require less money. There is a law that says expenses will rise in direct proportion to income. A large income alone might not create wealth. ‘Where attention goes, energy flows and results show’. Find a good financial planner to help you.

Wealth File #14: Rich people manage their money well, poor people mismanage their money well. Money management can be programmed in an individual. Managing money is very important indeed. Do not give the excuse that you don’t have time or enough money to manage. ‘The habit of managing money is more important than the amount’. Create a separate bank account and channel a portion of your income into it for investments. Never withdraw this amount for spending. It is important to start small, even if it’s a meagre amount. Use 10% of your salary for play and rest. Split the rest of your salary into categories like necessities, give, education and long-term savings. If you don’t control money, it will end up controlling you.

Wealth File #15: Rich people have their money work hard for them. Poor people work hard for their money. Hard work alone will not make you rich. Learn to work hard. Hire others to work for you. Money is energy. The goal in the end is financial freedom. The key is to earn enough passive income so that you don’t have to work anymore. You could also earn money from a part time business or even participate in network marketing. Most of us weren’t taught about how to earn a passive income. Find a career that enables easy generation of passive income. Poor people are more concerned with instant gratification. If you buy things for instant gratification, it won’t make you happy in the long term. Rich people can be very thrifty indeed. However, do not over-extend yourself. Consider investing in real estate as well. Every dollar can be a seed to earn even more in future. Get educated and attend investment seminars. Focus on passive income.

Wealth File #16: Rich people act in spite of fear, poor people let fear stop them. Action is crucial. Affirmations can only do that much. Action is extremely important. Fear and doubt all cause us to procrastinate. Tame the cobra of fear. There is no need to eliminate or get rid of such fears. The key is to simply act even if you are scared. Be a warrior and learn not to be stopped by anything at all. Wealth Principle: ‘If you are willing to do what’s easy, life will be hard. But if you are willing to do what’s hard, life will be easy.’ You must break through the comfort zone and do what is uncomfortable. Poor people don’t like to feel uncomfortable and like to stay in their comfort zone. Comfort zone can be equated to wealth zone. It is important to stretch yourself and your abilities. Happiness comes from realizing your full potential. Live at the edge of your box. Practise even when you are not in the mood. You are not your mind. It is crucial to train your own mind. Observing is a good way to learn. Make a conscious effort to improve your life now. Your mind is almighty and all-encompassing. You will pay for your negative thoughts. Apply power thinking and nothing that nothing has meaning unless we ascribe meaning to it.

Wealth File #17: Rich people constantly learn and grow. Poor people think they already know. Rich people are constantly learning and eager to develop. If you think you are always right, you won’t be exposed to new methods of thinking. The world is not static. If you are not learning, you will be left behind. You need to pick up skills and learn how to manage your money. Success can be learnt. It is possible to learn to succeed at anything. No one was born a genius. The quickest way is to develop yourself. Grow yourself into the best person you can be. If you want to get paid the most, you need to be the best. I always learnt from the masters of the respective fields.